The spin off of the PC business has long-been rumored because of its slow growth and low margins.

The acquisition of Autonomy for $10 billion would bring in a more profitable line of business. The company makes software used to search and organize unstructured data such as e-mails, according to Reuters.

The end of HP's mobile device business is an acknowledgment that Apple and Google's Android operating system have too far of a lead in the mobile device market for HP to catch up, Bianca Bosker wrote at Huffington Post.